Proposed Provision: B3.3. Beginning with those newly eligible for OASDI benefits in 2018, use a modified primary insurance amount (PIA) formula. The modified formula: (1) increases the first bend point to the equivalent of $800 in 2009 (about $952 in 2017); (2) places a new bend point 75 percent of the way between the reset first bend point and the current-law second bend point; (3) lowers the PIA factor between the new bend point and the upper bend point from 32 percent to 20 percent; and (4) lowers the factor above the upper bend point from 15 percent to 10 percent.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199200
2025182184
2026165167
2027148150
2028130133
2029112115
20309498
20317580
20325662
20333743
20341624
2035-44
2036-26-17
2037-47-37
2038-70-59
2039-92-80
2040-115-101
2041-138-123
2042-161-145
2043-184-167
2044-207-188
2045-230-210
2046-253-232
2047-276-253
2048-300-275
2049-323-297
2050-346-319
2051-370-341
2052-393-362
2053-417-384
2054-440-406
2055-464-428
2056-487-450
2057-511-472
2058-536-495
2059-560-518
2060-585-541
2061-611-565
2062-637-590
2063-663-614
2064-690-639
2065-717-665
2066-745-691
2067-772-717
2068-801-743
2069-829-770
2070-858-798
2071-888-826
2072-918-854
2073-949-884
2074-981-913
2075-1014-944
2076-1047-976
2077-1082-1008
2078-1117-1042
2079-1153-1076
2080-1190-1110
2081-1227-1145
2082-1264-1180
2083-1300-1214
2084-1337-1249
2085-1374-1283
2086-1410-1318
2087-1446-1352
2088-1483-1387
2089-1520-1421
2090-1557-1456
2091-1595-1492
2092-1633-1528
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